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Discontinued Operations (Tables)
 3 Months Ended
Mar. 31, 2023
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Discontinued Operations

Set forth below are the results of the discontinued operations:

 

(Dollars in thousands) 

Three Months Ended

March 31, 2023

  

Three Months Ended

March 31, 2022

 
     
Product revenue  $         -   $1,640 
Cost of sales   -    561 
Research and development   -    369 
Selling, general, and administrative   -    484 
Net income (loss) from discontinued operations  $-   $226 
Schedule of Gain on Sale

The following table presents the gain associated with the Sale.

 

(Dollars in thousands)

 

   As of April 11, 
   2022 
Consideration received  $10,750 
Plus: closing cash   1 
Less: transaction costs   (908)
Less: closing indebtedness   (483)
Plus: new working capital adjustments   19 
Adjusted consideration received   9,379 
      
Cash   1 
Accounts receivable, net   1,119 
Inventories   888 
Prepaid expense and other current assets   42 
Operating lease right-of-use assets   579 
Deferred tax assets   171 
Property, plant and equipment, net   76 
Total assets   2,876 
      
Accounts payable   122 
Accrued liabilities   547 
Operating lease liability   579 
Total liabilities   1,248 
      
Net assets transferred   1,628 
      
Gain on sale  $7,751